Nvidia is in talks to invest in Elon Musk's AI startup xAI

ChainCatcher news, according to the New York Post, Elon Musk's artificial intelligence startup xAI is in talks with Nvidia to secure a significant investment aimed at accelerating the development of its large language model Grok.

Additionally, the Wall Street Journal reports that xAI is negotiating to raise billions of dollars from investors, with the company's valuation at around $40 billion. It also noted that Musk is seeking strategic investors, primarily from tech companies, to support this round of financing, but no names have been confirmed yet. It is reported that venture capital firms including Sequoia Capital, Andreessen Horowitz, and Vy Capital are also involved in these ongoing negotiations.